Aircraft maintenance, repair & overhaul is a procedure practiced by every commercial airliners, business jet owners and military forces across the globe. The periodic inspection, maintenance and modification of commercial as well military aircrafts are utmost important to the end users. In order to comply with the airworthiness directives and service bulletins, these procedures are carried out under the regulations set by different organization or authorities such as International Civil Aviation Organization (ICAO) and others. The market for aircraft maintenance, repair and overhaul is a matured market and is experiencing a significant growth rate over the years.
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Why you should buy the Top 10 Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Companies 2019: Leaders in Engine, Component, HMV & Line Maintenance report.
The key players influencing the market are AAR Corp, Barnes Group Inc, Collins Aerospace Inc, Delta TechOps, FL Technics, GE Aviation, Lufthansa Technik AG, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic
Rising number of domestic as well as international air routes is demanding for more numbers of commercial aircrafts, leading the aircraft MRO service providers to increase their business, thereby driving the market in the current scenario. This trend is anticipated to boost the market in the forthcoming years. In addition, the rising military operations, drills, and interest for action ready, the military forces overhaul, repair and maintain their aircrafts at a periodic interval, catalyzing the market for aircraft maintenance, repair and overhaul to propel over the years. However, factors such as time taken for aircraft MRO, and high cost involved in carrying out the procedures are acting as a restraints to the market.
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The increasing focus on environmental factors and emphasize on reduction of emission from the aircrafts from the governing organizations and authorities is compelling the commercial airliners and military forces to conduct the MRO process in large numbers, thereby this trend is anticipated to pave the path for aircraft maintenance, repair and overhaul market in the coming years.
Aircraft maintenance, repair and overhaul (MRO) is an essential requirement to ensure that aircraft are maintained in pre-determined conditions of airworthiness to safely transport passengers and cargo. The commercial aircraft MRO market is influenced by external factors in the wider air transport industry including global fleet size, aircraft utilisation and increasing and decreasing air traffic volumes for both passengers and cargo.